Kenya Will Not Ban UK Travel, Awaits Directive from WHO
Kenya will not be among countries that will ban UK travel despite the new strain of the Coronavirus. According to aBusiness Dailyreport, Health CS Mutahi Kagwe says that the country [...]
Uchumi Supermarket is the top mover at the NSE
Uchumi Supermarket was pushed up by speculative activity to the prime mover spot at the Nairobi Securities Exchange(NSE). This follows signs that it had reached a deal to clear an [...]
Diamond Trust Bank (DTB) Issues Profit Warning
Listed tier 1 lender Diamond Trust Bank (DTB) Kenya Limited has issued a profit warning for the financial year ended December 2020. In a statement, the bank said its earnings will [...]Amana Capital unlocks KSh 122 Million to its investors
Amana Capital, a Nairobi based fund manager, has announced that its investors can now access 41% of their funds-cash that was locked following the Nakumatt commercial paper's collapse. These funds, [...]The Best Worst Performing Stocks at the NSE in 2020
Carbacid Investments Plc, with a market capitalization of KSh 3.10 Billion, was among the top price gainers at the NSE in 2020. Its share price has appreciated by more than [...]World Bank Appoints CAK's DG Wang'ombe Kariuki to its Advisory Panel
The World Bank has appointed Competition Authority of Kenya (CAK) Director-General Wang'ombe Kariuki to its advisory panel. Key among his roles will include advising on the World Development Report 2021: Data [...]Financial Markets Report; 28th Dec 2020
The Nairobi Securities Exchange (NSE) recorded a decline in both volume and turnover as trading resumed after investors came back from the Christmas holiday. Turnover recorded was KSh 109,652,882.00 when [...]Kenya's Central Bank Gears Up For Open Banking in New 5-Year Strategy
The Central Bank of Kenya has published its 2021-2025 vision and strategy document which sets the agenda on the future of the country's digital payments ecosystem including the adoption of [...]KEBS Maintains December 31 Ultimatum for Clearing 2013 Used Vehicles
Second-hand vehicle importers have until Thursday, 31st December, to clear used cars whose first year of registration is from January 2013. This follows a Kenya Bureau of Standards (KEBS) announcement [...]Mwalimu National SACCO fully acquires Spire Bank
Mwalimu National SACCO has fully acquired Spire Bank from Naushad Merali for undisclosed amount. The deal to sell off Spire Bank begun in 2014 when the Competition Authority (CA) gave [...]NIC Securities to cease operations after Merger with CBA
NIC Securities has applied to the Capital Markets Authority (CMA) concerning its request to cease operations. This investment bank is associated with the former NIC Bank, which has since merged [...]CBK raises KSh 10.1 Billion from Weekly TBills auction
The Central Bank of Kenya (CBK) accepted bids worth KSh 10.1 Billion out of the KSh 24 Billion in Treasury Bills offered during last week's Auction. This is the 5th [...]
